Bullish Patterns and Higher Highs Predict 150% Shiba Inu Price Surge

Bullish cues from the Shiba Inu price might lead to a 130% rise to new peaks. A crypto expert has seen a trend of rising highs, supporting his prediction of a SHIB price explosion.

Shiba Inu Price Prepares For 130% Rally
TradingView crypto expert Klejdi Cuni presented a thorough chart analysis showing a bullish Shiba Inu price set-up. Shiba Inu's daily highs are rising in the oval chart.

For a month, Shiba Inu has encountered firm support around $0.00002424, according to the expert. This support level retest indicates an Accumulation zone, where buyers continually purchase to prevent price drop.

The analyst established many upward goals on a price chart as Shiba Inu continues to rise. The chart's dramatic rising slope suggests the SHIB price might rise parabolically after breaching major resistance levels.

Cuni expects Shiba Inu to rise 130% to $0.00003232 in the near-term timeframe. Shiba Inu may achieve a second objective of $0.00004167, according to the expert.

Cuni expects Shiba Inu to break out to the third objective of $0.00005675 if it stays above $0.000041. Finally, the TradingView expert predicts a big jump to $0.00007012, the highest price chart goal.

These optimistic price forecasts would be noteworthy for the Shiba Inu price, but it would still be significantly below the meme coin's all-time high of $0.000086. This record was set in 2021 when meme coin demand and price skyrocketed.

Shiba Inu is selling at $0.000028 after falling 8% in the previous week, according to CoinMarketCap. One of the biggest gainers of this bull market was meme coin, which just rose beyond $0.00003.

The analyst posted a chart on X (previously Twitter) showing Shiba Inu's pricing from May 2022 to the present. If Shiba Inu passes $0.00003285, the meme currency might explode to $0.00008852, setting a new ATH, according to the expert.


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